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    601 Silkey Way Española, NM 87532

    Sponsored
    For Sale
    $640,000

    High-Yield QSR with Drive-Thru

    Property size:
    1,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 1,200 square foot, Class A, single-tenant standalone quick-service restaurant (QSR) with a drive-thru. Located at 601 Silkey Way, Espanola, NM 87532, in Rio Arriba County, this property boasts a 7.5% cap rate and a strong net operating income (NOI) of $48,000. Currently 100% occupied by Los Victor's Mexican Food under an absolute NNN lease with 8.4 years remaining (through March 31, 2033, with two 5-year renewal options), this property offers a secure and stable income stream. The building, constructed in 2023, sits on a 0.66-acre lot and benefits from high visibility and significant traffic counts. The asking price is $640,000, translating to a price per square foot of $533.33. This is a turnkey investment ideal for passive income seekers. The property's prime location and established tenant make it a compelling opportunity for long-term growth and return. The lease commenced April 1, 2023. This is a single-story building.

    Property Features for 601 Silkey Way

    General Information

    Property type
    Restaurants
    Square Feet
    1,200 SF
    Class
    A
    Lot Size
    28,750 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 1,200 SF Class A single‑tenant QSR with drive‑thru in Espanola, NM.
    • Absolute NNN lease with Los Victor's Mexican Food, 8.4 years remaining (through 3/31/2033, with two 5‑year options).
    • 7.5% cap rate, $48,000 NOI, $640,000 asking price ($533.33/SF).
    • 0.66‑acre lot, built in 2023, high visibility & traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Española
    County
    Rio Arriba
    State
    New Mexico
    Longitude
    -106.06371206736
    Latitude
    36.012361883956

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    FAQs

    What type of property is this?
    Restaurant - High-Yield QSR with Drive-Thru
    Where is this restaurant located?
    The property is located at 601 Silkey Way Española, NM.
    What is the asking price?
    The asking price for this property is $640,000.
    What are key features of this property?
    This property features: 1,200 SF Class A single-tenant QSR with drive-thru in Espanola, NM.; Absolute NNN lease with Los Victor's Mexican Food, 8.4 years remaining (through 3/31/2033, with two 5-year options).; 7.5% cap rate, $48,000 NOI, $640,000 asking price ($533.33/SF).
    Request Owner's contact information
    601 Silkey Way Española, NM 87532
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    Española, NM 87532
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    601 Silkey Way Española, NM 87532
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